Governor Calls For California Short Sale And Loan Mod Tax Relief
[caption id="attachment_1981" align="aligncenter" width="300" caption="New California Legislation Would Stop Short Sale, Loan Mod And Foreclosure Tax"][/caption] Schwarzenegger: "Send Me A Short Sale Tax And Loan Modification Tax Bill" Just Last Week He Vetoed A Bill That Would Have Made Short Sale And Loan Mod Debt Relief Non- Taxable. Because the bill was vetoed by Gov. Arnold Schwarzenegger, California homeowners who sell short will have to pay taxes on forgiven mortgage debt. He had said he would veto it but they sent it to him anyway, he vetoed the bill because it contained a provision on tax refunds for the state’s largest businesses. He is now calling on lawmakers to introduce new Legislature and send him a bill to provide tax forgiveness on any mortgage...
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